PRECIOUS-Gold slips on strong dollar, U.S. stimulus doubts

* Break below $1,887/oz could drive further dips -technicals
* Chinese car sales to buoy platinum, palladium -analysts
* Interactive graphic tracking global spread of coronavirus:
https://graphics.reuters.com/world-coronavirus-tracker-and-maps/

(Updates prices)
By Eileen Soreng
Oct 26 (Reuters) - Gold fell below the key psychological
level of $1,900 on Monday to its lowest in more than a week,
pressured by a firmer dollar and stalled progress in talks for a
new U.S. coronavirus aid package.
Spot gold XAU= fell 0.2% to $1,897.71 per ounce by 0908
GMT, after hitting $1,890.19, its lowest since Oct. 15.
U.S. gold futures GCv1 fell 0.3% to $1,900.50.
"There seems to be a lack of impetus to find extra buyers
(for gold)... A lot of it is because we're trading in the
looming shadow of the U.S. elections and stimulus speculation,"
said IG Markets analyst Kyle Rodda.
The dollar .DXY rose 0.3% against a basket of other
currencies. USD/
U.S. House Speaker Nancy Pelosi on Sunday said the Trump
administration was reviewing the latest plan for more COVID-19
relief and that she expected a response on Monday. But with the presidential elections fast approaching,
analysts said a victory for Democrat rival Joe Biden could help
gold rally on a potential large stimulus package, especially
amid COVID-19 cases surging in the United States. France registered a record increase in infections over the
weekend and Spain announced a state of emergency as cases surged
through Europe. Widely viewed as a hedge against inflation and currency
debasement, bullion has gained 25.1% this year as central banks
and governments unveiled unprecedented stimulus to cushion the
economic fallout from the pandemic.
A break below support at $1,887 per ounce could push gold
lower to $1,872, according to Reuters technical analyst Wang
Tao. Elsewhere, auto-catalyst metals palladium XPD= and
platinum dropped 1.5% to $2,356.16 and 1.4% to $888.59
respectively.
"Although supply shocks for the pair have eased in recent
weeks, Chinese car sales continue to eclipse expectations, which
paints a bullish picture into the year end and should keep
prices buoyant," MKS PAMP said in a note.
Silver XAG= fell 1.9% to $24.12 per ounce.